Magdalena Yesil, a co-founder of Cybercash Inc., announced this week that she has left the company to form her own electronic commerce firm.

"I am very much a start-up person - that's the phase of companies I love and enjoy working in," said Ms. Yesil, who has spent the last two years as Cybercash's vice president of marketing and technology, based in Redwood City, Calif.

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